GreenBank Subsidiary GreenCoinX Commences up to $33,000,000 Private Placement Financing
Toronto, Ontario (FSCwire) - GreenBank Capital Inc (CSE:GBC and OTCMKTS:GRNBF)
("GreenBank”) announces that its subsidiary GreenCoinX Inc, which has developed the world’s first cryptocurrency requiring user
identification, has engaged P2P Financial Inc doing business as The OCMX (“OCMX”) to complete an up to $33,000,000 brokered
private placement financing. OCMX is a Toronto based investment bank with an online funding portal raising capital for companies
by connecting them with accredited investors.
The GreenCoinX Inc brokered private placement comprises of up to 5,000,000 common shares at a price of $6.60 per
share. If fully subscribed the newly issued shares will represent 20% of the increased share capital of GreenCoinX Inc. The
GreenBank shareholding in the increased share capital of GreenCoinX Inc will be 64%, if the private placement is fully
subscribed. The proceeds of the private placement will be used for marketing expenses, software and hardware expenses, and
working capital, all designed to launch the GreenCoinX cryptocurrency on a worldwide basis.
OCMX are engaged on a non-exclusive basis to introduce the private placement to both institutional investors and
individuals who qualify as accredited investors on a “best efforts” basis, and will receive a success fee equal to four percent
of any financing received from any finance provider solicited by OCMX. The GreenCoinX private placement will be listed on the
OCMX portal for six months, unless terminated earlier. GreenCoinX will pay the costs of the private placement estimated to be
$12,000.
About GreenBank
GreenBank is a Canadian public company (trading symbols CSE:GBC and OTCMKTS:GRNBF). Its 80% subsidiary GreenCoinX Inc. has
developed the world’s first cryptocurrency requiring user identification. GreenCoinX meets the same “Know Your Customer”
identification standards as the banking community, and makes the promise of cryptocurrency a reality by alleviating concerns that
crooks and terrorists can use cryptocurrency to hide their activities. GreenBank’s 100% subsidiary GreenBank Financial Inc. is an
investment bank.
For more information please see www.GreenBankCapitalinc.com or www.GreenCoinX.com or contact Danny Wettreich at (647) 931 9768 or by email dw@GreenBankCapitalinc.com .
Forward-Looking Information: This press release may include forward-looking information within the
meaning of Canadian securities legislation, concerning the business and trading in the common stock of GreenBank Capital Inc.,
raising additional capital and the future development of GreenCoinX. The forward-looking information is based on certain
key expectations and assumptions made by the company's management. Although the company believes that the expectations and
assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the
forward-looking information because GreenBank can give no assurance that they will prove to be correct. These
forward-looking statements are made as of the date of this press release and GreenBank disclaims any intent or obligation to
update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise,
other than as required by applicable securities laws.
The CSE has not reviewed, approved or disapproved the content of this press release
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/GreenBankPRJuly182016.pdf
Source: GreenBank Capital Inc. (CSE:GBC)
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